Timber Market Report: 2015 4th Quarter
October - December 2015
Dr. Jacobson's Comments
Prices remain flat for the most part. A big question is whether domestic demand and housing starts will pick up this spring, as
exports have fallen off. Consumer spending in the U.S is showing some signs of strength but the our markets still heavily depend
on exports. China's economic concerns and strong dollar influence exports. Interestingly, for the last few quarters the Black
Cherry prices in NE are higher on average than the NW. I can't read into it too much but maybe signs of limited high quality
Cherry availability in NW.
Stumpage Prices
Northeast
Species by Region
Minus 1 Std Dev
Average
Plus 1 Std Dev
N#
Northern Red Oak
$320
$447
$574
21
White Oak
$243
$356
$470
18
Mixed Oak
$219
$313
$407
18
Black Cherry
$423
$822
$1,222
15
White Ash
$192
$334
$477
19
Hard Maple
$216
$371
$526
14
Soft Maple
$151
$245
$339
23
Yellow-Poplar
$135
$201
$267
5
$0
$82
$175
3
White Pine
$24
$103
$182
6
Hemlock
$19
$101
$184
4
Misc. Hardwoods
Prices are $ per MBF International 1/4
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Timber Market Report: 2015 4th Quarter
Southeast
Species by Region
Minus 1 Std Dev
Average
Plus 1 Std Dev
N#
Northern Red Oak
$419
$539
$659
15
White Oak
$323
$437
$552
12
Mixed Oak
$310
$403
$495
16
$0
$509
$0
1
White Ash
$208
$321
$434
3
Hard Maple
$299
$427
$555
2
Soft Maple
$143
$196
$249
11
Yellow-poplar
$250
$307
$364
9
Misc. Hardwoods
$138
$186
$233
5
$82
$108
$133
5
$0
$100
$0
1
Black Cherry
White Pine
Hemlock
Prices are $ per MBF International 1/4
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Timber Market Report: 2015 4th Quarter
Northwest
Species by Region
Minus 1 Std Dev
Average
Plus 1 Std Dev
N#
Northern Red Oak
$292
$412
$533
25
White Oak
$236
$326
$417
15
Mixed Oak
$187
$265
$343
17
Black Cherry
$420
$717
$1,014
38
White Ash
$195
$289
$383
31
Hard Maple
$228
$335
$442
35
Soft Maple
$170
$252
$334
40
Yellow-poplar
$97
$147
$197
13
Misc. Hardwoods
$26
$48
$69
18
White Pine
$29
$65
$102
3
Hemlock
$16
$52
$88
3
Prices are $ per MBF International 1/4
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Timber Market Report: 2015 4th Quarter
Southwest
Species by Region
Minus 1 Std Dev
Average
Plus 1 Std Dev
N#
Northern Red Oak
$230
$423
$616
13
White Oak
$179
$372
$564
13
Mixed Oak
$147
$318
$488
13
Black Cherry
$166
$334
$502
11
White Ash
$129
$202
$276
9
Hard Maple
$178
$314
$450
9
Soft Maple
$142
$208
$273
11
Yellow-poplar
$133
$198
$263
10
Misc. Hardwoods
$50
$86
$121
7
White Pine
$78
$97
$116
3
Hemlock
$83
$95
$107
2
Prices are $ per MBF International 1/4
Conversion Factors
• Doyle Price = 1.695 x International 1/4" Price
• Scribner Price=1.159 x International 1/4" Price
Graphs
Key
Page 5
Timber Market Report: 2015 4th Quarter
Pulpwood Stumpage
Notes
• No prices are reported for samples with only a single respondent.
• Ranges are not reported for samples with fewer than three respondents.
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Timber Market Report: 2015 4th Quarter
Private and Other Public Pulpwood Stumpage
Region
Low
Avg
High
(n)#
Northeast
N/A
$1.56 N/A
2
Southeast
N/A
$2.50 N/A
2
Northwest
$0.83
$2.91
$8.90
14
Southwest
$2.00
$3.20
$5.00
5
Hardwood Pulp ($/ton)
Region
Low
Avg
High
(n)#
Northeast
N/A
N/A
N/A
1
Southeast
N/A
N/A
N/A
1
Northwest
N/A
N/A
N/A
1
Southwest
N/A
$4.00 N/A
2
Softwood Pulp ($/ton)
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Timber Market Report: 2015 4th Quarter
Bureau of Forestry Pulpwood Stumpage
Region
Low
Avg
High
(n)#
Northeast
$0.77
$5.82
$9.14
17
Southeast
$2.49
$5.78
$8.01
9
Northwest
$4.14
$7.19
$12.68
17
Southwest
$1.90
$4.58
$6.74
7
Hardwood Pulp ($/ton)
Region
Low
Avg
High
(n)#
Northeast
$3.30
$6.01
$8.52
3
Southeast
$6.23
$9.63
$11.51
6
Northwest
Southwest
0
N/A
N/A
N/A
1
Softwood Pulp ($/ton)
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Timber Market Report: 2015 4th Quarter